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Newsletter 68 - 01/04/2016
Convergence on fiscal gap Government aims for swift conclusion of first programme review The Greek government has broadly converged with the institutions on a fiscal gap of 3 percent of GDP (5.4... and cosmetics (+0.5 percent). January’s slip in retail sales was fuelled by a drop in petrol prices. 2
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Stocks surge 5.4 pct during week amid hopes for swift conclusion of review
Economybeen made so far, but further work is still needed including contingency measures of 2 percent of GDP... (-3.3 percent), Lamda Development (-3 percent) and Folli-Follie (-1.5 percent). The trading
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Underspend and improving revenues lead to budget primary surplus of 2.67 bln in Q1
EconomyMacroeconomyof the full-year target of 1.63 billion) 2) Social protection (at 148 million, corresponding to 10.2 percent of the annual target of 1.45 billion) 3) Consumption and non-allocated expenditure (at 126
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Hopes of swift deal on contingent measures doused by technical, political complications
PoliticsGreek Politicsto agree on how the 2 percent of GDP (3.6 billion euros) in contingent measures could be legislated... arisen in the effort to agree the original package of measures, worth 3 percent of GDP or 5.4 billion
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Greek stocks fall 3.7 pct during week on inconclusive discussions with lenders
Economyalmost agreed on measures worth 3 percent of GDP (5.4 billion) to achieve a primary surplus target of 3.5 percent in 2018. The sticky point at the moment appears to be the contingent measures of 2
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Substantial ground for Greece and lenders to cover before May 9 Eurogroup
PoliticsGreek Politicsat an agreement on the process of defining the extra 2 percent of GDP in standby measures needed... to support the basic package of 3 percent of GDP in austerity measures. This has led to Athens
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Negotiations between Greece and lenders: state of play ahead of Eurogroup meeting
EconomyProgrammeto be the contingency measures worth 2 percent of GDP the IMF is insisting they have to be detailed... government and the institutions have almost fully agreed (99 percent) on measures worth 3 percent
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A breakdown of the 5.4 bln in measures that form basis of agreement between Greece and creditors
EconomyProgrammeAlthough Greece and its lenders are continuing to debate how to set up an extra 2 percent of GDP in fiscal measures so they are on standby if primary surplus targets are missed next year or in 2018, there appears to be agreement between all sides on the basic package of 3 percent of GDP in spending
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Greece and lenders edge closer at Eurogroup but standby measures, debt relief not resolved yet
PoliticsGreek Politicsof the 3 percent of GDP in fiscal measures that form the basic package needed to conclude the first..., there seems to have been progress in agreeing how the extra 2 percent of GDP in contingent fiscal measures
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HFSF presents action plan on large corporate loan restructuring, says NPEs reached 103 bln in 2015
EconomyBankingand lenders). 2) Planning of a coordination framework among banks with the aim to provide the guidelines and principles for finding solutions, accelerate the process and exchange of knowhow. 3
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